Norway · Delayed Price · Currency is NOK Akobo Minerals AB Earnings Call Transcripts
Fiscal Year 2025
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Record Q4 revenue and EBITDA driven by high-grade gold production and operational improvements. Vertical shaft development and regulatory changes position the company for significant capacity and margin expansion in 2024–2026.
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Q3 marked a milestone with first positive EBITDA and stable gold production, supported by strong gold prices and government backing. Vertical shaft development is on track to boost output, while exploration and infrastructure upgrades position the company for future growth.
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Gold production ramped up with 45 kg produced by August and Q3 set to be the first profitable quarter, supported by high gold prices and operational improvements. Financial restructuring, new investment, and vertical shaft development position the company for growth.
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Commercial gold mining at Segele has begun, with Q1 revenue of SEK 4.5 million and 20.5 kg gold produced. Upgrades to processing and infrastructure, plus high gold prices, support a positive outlook as the company targets higher monthly output and secures new funding.
Fiscal Year 2024
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Achieved first-ever revenue quarter and commercial gold production at Segele, with high ore grades and strong operational progress. Strategic partnerships and vertical shaft development are set to boost capacity, while Ethiopian economic reforms and record gold prices support future growth.
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Transition to production achieved with first gold sales and cash inflow in Q4 2024, supported by strong government backing and stable operating costs. November gold output exceeded expectations, and further recovery from tailings is planned for Q1 2025.
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Daily mining and gold production have commenced at Segele, with plant commissioning complete and ramp-up ongoing. No revenue yet in H1 2024, but record gold prices and a lean cost structure position the company for strong future cash flow.
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Processing plant construction and commissioning are complete, with first ore production expected by end of July. Financial position is strong after debt restructuring and new equity, and high-margin gold output is forecast. Robust logistics, risk mitigation, and exploration support long-term growth.